I have been helping people with their credit since 2014. I love to help people get new cars or homes. Since I have started laws have changed left and right. Every day these bureaus, FTC, and CFPB come up with new ways to stop companies from helping people. Let’s talk about it…
The fact is most people have information that is inaccurate on their report. According to the FTC it’s something like 80% of people found errors on their report. So, they know, and you know that something is wrong. But like anything else this is big business. So, they make it extremely difficult to fix your credit.
One thing to understand is that you can hire a company to dispute on your behalf. You can also do it yourself if you so wish. The choice is completely up to you. Don’t ever let them lie to you and say you can’t. I recently read a law suite that Experian won. It said they don’t have to investigate claims if a credit repair company sent it off for you. But after reading further I see many errors the company made in this area. But this is an example of how they try to make it hard for you.
What you need to understand is that every time you dispute something they have to pay the credit bureaus. It makes sense for them to keep it on your report. If you keep disputing the in accurate information they can keep getting paid. It wasn’t always like this. They used to actually take care of the clients.
So, make no mistake this is a war. Its you versus them. So, what can you do about this? One you need to have some good credit monitoring. You need this so if anything happens you can stay on top of it. I don’t like credit karma because they only show you 2 reports. The also do not give you all the information you need to dispute, they inflate scores, give or take 20 points. You need a paid subscription.
Once your monitoring is setup stay alert. A good credit monitoring will alert you to the slightest changes. If you notice some suspicious activity you can do a credit freeze or place a fraud alert on you credit. To place a fraud alert on your credit you can call or mail one in. This is basic defense for protecting yourself.
So, understand this is a war. A war against companies, bureaus, and government agencies. It is not always easy, and it will take some skill and finesse, but it can be done.
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